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प्रश्न
Explain the implications of the following in an oligopoly market: Barriers to entry of new firms
उत्तर
In an oligopoly market, there are barriers to the entry of new firms. The patents rights are largely created for these firms and hence entry is restricted to new firms. The existing firms need not face any problem of new firms and they are able to earn-extra normal profit.
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संबंधित प्रश्न
What are the features of perfect competition.
Explain the implications of the following in a perfectly competitive market:
Large number of buyers
Differentiated products is a characteristic of: (Choose the correct alternative):
(a) Monopolistic competition only
(b) Oligopoly only
(c) Both monopolistic competition and oligopoly
(d) Monopoly
Explain the implications of the following in an oligopoly market: A few or a few big sellers
‘A few big sellers’ is a characteristics of : (choose the correct alternative)
a. Perfect competition
b. Monopolistic competition
c. Oligopoly
d. None of the above
What is price-maker firm?
Distinguish between perfect oligopoly and imperfect oligopoly. Also, explain the interdependence between the firms' feature of oligopoly.
Define monopoly.
Fill in the blank with proper alternatives given in the bracket:
Under monopoly there is existence of ______________ .
State whether the following statement is true or false.
There is no product differentiation under monopolistic competition.
Distinguish between Any FOUR of the following :
Consumption expenditure and Investment expenditure.
State with reasons, whether you Agree or Disagree with the following statements.
Perfect competition is an imaginary concept.
Answer the following question
What are the features of Perfect Competition?
Distinguish between the following:
Natural monopoly and Social monopoly
Give reason or explain:
Price discrimination is possible under monopoly.
State whether the following statement is TRUE and FALSE.
Product differentiation is not possible under perfect competition.
Fill in the blank with appropriate alternative given below
In ________ market, seller creates products differentiation.
Answer the following question.
What is the reason for an indeterminate demand curve under Oligopoly?
